Chapter
Creating a Payment Processor with Open Terms and Conditions
14:02 - 18:16 (04:13)
The idea of creating a payment processor with open terms and conditions like Stripe but without restrictions can be a strategic move to compete against big monopolies. By finding smaller banks or local banks that will work for a monthly fee, it is possible to build a product with the same quality and developer-friendliness as Stripe but with different terms and conditions.
Clips
The idea of having open terms and conditions for a product is seen as a strategic move to compete against big monopolies.
14:02 - 16:00 (01:58)
Summary
The idea of having open terms and conditions for a product is seen as a strategic move to compete against big monopolies. By building a product with the quality of Stripe and leaving the terms and conditions open, it allows for more developers to pursue a platform while remaining protected from potential concerns like what happened with OnlyFans and Instagram.
ChapterCreating a Payment Processor with Open Terms and Conditions
Episode#219 - How to Make Billions with a Niche DTC Clothing Line
PodcastMy First Million
Despite the profitability of the dispensary business, it is difficult for them to find payment providers due to the risks of working with a company that is considered illegal in some states.
16:00 - 18:16 (02:15)
Summary
Despite the profitability of the dispensary business, it is difficult for them to find payment providers due to the risks of working with a company that is considered illegal in some states.